Ep. 897: Trends, Value and Selling with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
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The Causality of Cycles
The dot com bubble and crash was causal to the subprime bubble and crash. The key themes that i tried to get across in the book comes from a thought which is attributed to mark twain who said that history does not repeat itself but it does rhyme. What rhymes are the themes that underlying just about every financial boom every market boom are a few things like too much optimism, too little risk aversion and too much money chasing a home.
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